FTP –Export of Cotton – Performance guarantee, no more required

By Vijay Kumar

GOVERNMENT has amended the entries against Sl. No. 161 A in Chapter 52 of ITC(HS) Classification. Export of cotton [ITC(HS) Codes 5201 & 5203] will continue to be free subject to registration of contracts with DGFT. Performance guarantee (as was given in Notification No. 63 of 04.08.2011) will no longer be required.

DGFT Notification No. 74(RE–2010)/2009-2014, Dated: September 12, 2011